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West Red Lake Gold Mines Inc

www: www.westredlakegold.com   email: investors@westredlakegold.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:WRLG CAD
OTCMKTS:WRLGF USD

Description

West Red Lake Gold Mines Inc are a gold focused junior, late stage development company with one mine in development in Canada and four exploration properties. They have approximately 32Moz. of gold in the reserves and resources category of which 17Moz. are in the measured and indicated category. They have a market capitalisation of ~C$90.32M which is a rise of roughly 20% over the last five months. As of 05/13/2023 they have no debt and ~C$4.44M cash. They have 172M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/13/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $75.18M $90.32M 06/20/2023 $15.14M
Total Assets: $11.11M $11.09M 05/13/2023 $-0.02M
Total Liabilities: $0.55M $0.55M 05/13/2023 $0.00M
Current Assets: $4.44M $4.44M 05/13/2023 $-0.01M
Current Liabilities: $0.27M $0.27M 05/13/2023 $0.00M
Total Debt: $0.00M $0.00M 05/13/2023 $0.00M
Cash: $4.44M $4.44M 05/13/2023 $-0.01M
Enterprise Value: $70.74M $85.88M 09/20/1972 $15.14M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 05/13/2023 n/a
Misc 05/13/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 119,000,000 172,000,000 06/20/2023 53,000,000
Shares (FD): 141,000,000 177,000,000 06/20/2023 36,000,000
Insider Ownership: n/a 30% 09/17/2023 30%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2020 05/13/2023 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023 0
Initial CapEx (Outstanding): n/a n/a 05/13/2023 n/a
Funding Option: n/a n/a 05/13/2023 n/a
Documentation: none none 09/17/2023 n/a
Future MCap Modifier: 0.1
Developer: Likely Path to Production
 0.1
Developer: Likely Path to Production
 05/13/2023 0
Cash Flow Multiplier: 5 5 05/13/2023 0.00

Resource Data

GOLD 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 17.00M 17.00M 05/13/2023 0.00M
Inferred: 12.00M 15.00M 05/13/2023 3.00M
Reserves & Resources: 29.00M 32.00M never 3.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 10.20M 10.20M 05/13/2023 0.00M
Inferred: 4.50M 5.63M 05/13/2023 1.13M
Reserves & Resources: 14.70M 15.83M never 1.13M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
Average Grade: n/a n/a 05/13/2023 n/a
Recovery Rate: (guess)  75.00% (guess)  75.00% 05/13/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.00M 3.00M 09/13/2023 1.00M
Annual Production: 80,000oz. 125,000oz. 09/13/2023 45,000oz.
Cash Cost: $1,000 $1,000 05/13/2023 $0
Extra Operating Cost: $500 $500 05/13/2023 $0
SILVER 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
Average Grade: n/a n/a 05/13/2023 n/a
Recovery Rate: n/a n/a 05/13/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Annual Production: n/a n/a 05/13/2023 n/a
Cash Cost: n/a n/a 05/13/2023 n/a
Extra Operating Cost: n/a n/a 05/13/2023 n/a

Property

Last Analysis Data  (05/13/2023)
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 69% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 7,800  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Madsen 100% show
2 million oz deposit at 8 gpt and growing.

12,000 acres in Red Lake, Ontario
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 69% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 12,800  

Profitability (by resource)

Proven &
Probable		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 17.00M 17.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -11.15M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 10.20M 10.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -6.69M
Maximum Profit (Gold): $5,207.10M $3,805.62M n/a $-1,401.48M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $5,207.10M $3,805.62M n/a $-1,401.48M
Max Profit / Current MCap: 69.260 42.135 n/a -27.125
Max Profit Per Share (Gold): $36.93 $21.50 n/a $-15.43
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $36.93 $21.50 n/a $-15.43
Total Free Profit Per Share: $36.21 $20.81 n/a $-15.40
FD MCap / Gold Eq.: $7.37 $8.85 n/a $1.48
FD MCap / Silver Eq.: $0.09 $0.11 n/a $0.02
FD MCap / Per Metal
as % Spot Price:		 0.37% 0.47% n/a 0.11%

Reserves &
Resources		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 29.00M 32.00M n/a 3.00M
Total (Silver Eq. Oz.): n/a n/a n/a 231.06M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 14.70M 15.83M n/a 1.13M
Silver Eq. Oz.: n/a n/a n/a 84.14M
Maximum Profit (Gold): $7,504.35M $5,904.31M n/a $-1,600.04M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $7,504.35M $5,904.31M n/a $-1,600.04M
Max Profit / Current MCap: 99.816 65.372 n/a -34.445
Max Profit Per Share (Gold): $53.22 $33.36 n/a $-19.86
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $53.22 $33.36 n/a $-19.86
Total Free Profit Per Share: $52.50 $32.67 n/a $-19.83
FD MCap / Gold Eq.: $5.11 $5.71 n/a $0.59
FD MCap / Silver Eq.: $0.06 $0.07 n/a $0.01
FD MCap / Per Metal
as % Spot Price:		 0.25% 0.30% n/a 0.05%

Future Valuation (Cash Flow & Totals)

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